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America’s Public Pensions Are Stuck In The Clouds

TedTed
in The Bullpen
FYI: The hardest part about being a public pension manager is admitting you’re wrong.

American state and local pensions have less than 73% of the assets they need to fund future obligations to public workers, according to a survey of 180 plans by Boston College’s Center for Retirement Research. They believe they can help keep that gap from widening by earning an average of 7.4% annually.
Regards,
Ted
https://www.wsj.com/articles/americas-public-pensions-are-stuck-in-the-clouds-11564133400?utm_source=Daily+AR&utm_campaign=3cd7dd8268-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c08a59015d-3cd7dd8268-144127017
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